Processing of tax collected at source: mandatory adjustments, interest and fee computation, intimation and refund determination. A statutory provision prescribes processing of statements of tax collected at source or correction statements to compute collectible sums after adjusting manifest arithmetic errors and incorrect claims apparent from the statement, compute interest on revised sums, compute fees under the statutory fee provision, determine payable sums or refunds after offsetting prior payments, generate and send an intimation to the collector, and grant any determined refunds, subject to a one-year time bar for issuing intimations; the Board may implement a centralised processing scheme to expedite determinations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Processing of tax collected at source: mandatory adjustments, interest and fee computation, intimation and refund determination.
A statutory provision prescribes processing of statements of tax collected at source or correction statements to compute collectible sums after adjusting manifest arithmetic errors and incorrect claims apparent from the statement, compute interest on revised sums, compute fees under the statutory fee provision, determine payable sums or refunds after offsetting prior payments, generate and send an intimation to the collector, and grant any determined refunds, subject to a one-year time bar for issuing intimations; the Board may implement a centralised processing scheme to expedite determinations.
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